Streamline Health Solutions (NASDAQ:STRM) Shares Cross Above 200 Day Moving Average of $0.42

Streamline Health Solutions, Inc. (NASDAQ:STRM) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.42 and traded as high as $0.55. Streamline Health Solutions shares last traded at $0.51, with a volume of 55,091 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Streamline Health Solutions in a report on Thursday. They issued a “sell” rating on the stock.

Streamline Health Solutions Stock Performance

The stock has a fifty day simple moving average of $0.39 and a two-hundred day simple moving average of $0.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.02) earnings per share for the quarter. Streamline Health Solutions had a negative net margin of 85.83% and a negative return on equity of 35.69%. The business had revenue of $5.36 million during the quarter.

Institutional Investors Weigh In On Streamline Health Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Perkins Capital Management Inc. lifted its position in shares of Streamline Health Solutions by 33.7% during the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock valued at $850,000 after acquiring an additional 504,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Streamline Health Solutions by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock valued at $1,633,000 after acquiring an additional 26,201 shares during the period. Austin Wealth Management LLC lifted its position in shares of Streamline Health Solutions by 100.2% during the 4th quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after acquiring an additional 468,242 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of Streamline Health Solutions by 10.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after acquiring an additional 72,993 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Streamline Health Solutions during the 4th quarter valued at approximately $128,000. 31.74% of the stock is currently owned by institutional investors and hedge funds.

About Streamline Health Solutions

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.